Tag: What it Means

BRICS: Global Center of Gravity Shifts

The BRICS partnership now encompasses 47.3 percent of the world’s population, with a combined global Gross Domestic Product — by purchasing power parity, or PPP — of 36.4 percent.

In comparison, though the G7 states (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States) account for merely 10 percent of the world’s population, their share of the global GDP — by PPP — is 30.4 percent.

Source: BRICS: Global Center of Gravity Shifts